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7123 3rd Ave 12 Unit Apartment Building $2,020,124 ($168,344/Unit) 5.25% Cap Rate Brooklyn, NY 11209
Executive Summary
7123 Third Avenue is located along Bay Ridge’s established retail corridor, offering strong visibility, steady foot traffic, and long-term investment stability.
Surrounded by dense residentialneighborhoods and limited new supply, the property benefits from consistent local consumer demand.
The asset offers stable in-place income with long-term appreciation potential in one of Brooklyn’s tightly held retail markets.
Surrounded by dense residentialneighborhoods and limited new supply, the property benefits from consistent local consumer demand.
The asset offers stable in-place income with long-term appreciation potential in one of Brooklyn’s tightly held retail markets.
Property Facts
| Price | $2,020,124 | Apartment Style | Mid-Rise |
| Price Per Unit | $168,344 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 5.25% | Building Size | 16,472 SF |
| No. Units | 12 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1910 |
| Property Subtype | Apartment | ||
| Zoning | R6B | ||
| Price | $2,020,124 |
| Price Per Unit | $168,344 |
| Sale Type | Investment |
| Cap Rate | 5.25% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 16,472 SF |
| No. Stories | 4 |
| Year Built | 1910 |
| Zoning | R6B |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Smoke Detector
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
90/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 05891-11021D | Improvements Assessment | $1,022,000 |
| Land Assessment | $100,000 | Total Assessment | $1,122,000 |
Property Taxes
Parcel Number
05891-11021D
Land Assessment
$100,000
Improvements Assessment
$1,022,000
Total Assessment
$1,122,000
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7123 3rd Ave
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